Happy New Year! As we reflect on 2022, you might recall that the surge in real estate activity we felt in 2020 and 2021 carried into the first quarter of 2022 and then slowed in the second quarter. There was moderate activity in the second half of the year. However, rising interest rates coupled with the continuation of extremely low inventory contributed to a slowdown in both sales and appreciation later in the year.  While there is still plenty of uncertainty about what the state of the economy means for real estate in the short term, we are enthusiastic about the year ahead.

In 2022, we were fortunate to have represented more buyers and sellers in Ocean View than any other agent or group.   If you are considering a purchase or sale, it is never too early to begin strategizing about how to maximize your results. Please call our Bear Trap Expert, Gail Phelan: (302) 233-4909.  

*Data was derived from the Sussex County MLS. Includes properties sold in Ocean View. May not reflect all activity in the marketplace.

Posted by Leslie Kopp on
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